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How much mortgage would it take to have payments of $700 month PITI?

by ebrahimclaude896 from Naples, Florida. Oct 24th 2014 Reply


Joan Gallardo (apply@clearlending.com)
#198 ranked lender in Texas - 23 contributions

It depends on your credit score, taxes of property, home owners insurance required in the area, type of loan (FHA vs Conventional) and down payment to obtain right amount of mortgage insurance.

Oct 24th 2014
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Brian Allen (ballen)
#43 ranked lender in Maryland - 189 contributions

It will depend on ability, credit and savings $700 a month would give you a loan between $60,000 to $69,000

Oct 24th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

There's just not enough info to answer your question properly.. Since interest rates will vary depending on the borrowers qualifications such as credit scores, debt ratios, loan to value, property type, etc.. and the taxes and insurance are also impossible to calculate since they also vary based on location and property type. But really, you can get a realistic quote by taking 5 minutes of your time and contact a local mortgage broker and let him look at your complete loan scenario.. once he has all the details, he would able to type up an accurate quote for your consideration.. no more guessing!! I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Oct 24th 2014
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

It hard to answer that question with just information you have provided. Need more information such as credit score, loan to value, taxes and insurance, debt to income ratio.... Contact a Loan Adviser in your area.

Oct 24th 2014
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